Global oleochemicals market size is estimated to be around US$48.13 billion by 2033 at a CAGR of 6.69% during the forecast period of 2025-2033. The market is likely to grow due to increased preference toward eco-friendly products, improved consumer awareness regarding sustainability, and growth in demand for bio-based products.
Oleochemicals play a very important role in manufacturing products in diversified sectors. In the personal care and cosmetics industry, they serve as emollients, thickeners, and stabilizers for products such as soaps, lotions, and shampoos. In the food business, oleochemicals are used as emulsifiers and preservatives. Oleochemicals also play a critical role in manufacturing biodegradable detergents, lubricants, and plastics. Secondly, oleochemicals are utilized in pharmaceuticals, particularly as drug delivery systems and intermediary manufacturing chemicals. The diversity and ecotoxic-free nature of oleochemicals are making them increasingly valuable in a world where it's shifting to more sustainable and renewable resources.
April 2024-Vantage Specialty Chemicals increases capacity at its Leuna site for METAUPON* NMT (N-Methyl Taurine). It does that in response to demand from the household, industrial, and personal care markets.
January 2024: Godrej Industries and the government of Gujarat have agreed to invest USD 71.8 million over the next four years for increased production of oleochemicals as the resultant expansion aims at feeding growing demand for food, pharmaceuticals, and personal care products.
2. Fatty Acid Methyl Ester
3. Glycerol Esters
4. Fatty Amines
5. Others
2. Consumer Goods
3. Food Processing
4. Textiles
5. Paints & Inks
6. Industrial
7. Healthcare & Pharmaceuticals
8. Polymer & Plastic Additives
9. Others
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 Australia
3.5 South Korea
3.6 Thailand
3.7 Malaysia
3.8 Indonesia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 South Africa
5.2 Saudi Arabia
5.3 UAE
2. Kuala Lumpur Kepong Berhad
3. BASF SE
4. Wilmar International Limited
5. Kao Corporation Plc
6. Evonik Industries AG
7. Procter & Gamble Company
8. Corbion N.V.
Industry Insights-Oleochemicals
Oleochemicals are chemical compounds produced from natural oils and fats, mainly from plants and animals. These compounds, including fatty acids, glycerol, fatty alcohols, and esters, have become important bio-based alternatives to petrochemicals in industries because of their biodegradable natures and less negative impacts on the environment.Oleochemicals play a very important role in manufacturing products in diversified sectors. In the personal care and cosmetics industry, they serve as emollients, thickeners, and stabilizers for products such as soaps, lotions, and shampoos. In the food business, oleochemicals are used as emulsifiers and preservatives. Oleochemicals also play a critical role in manufacturing biodegradable detergents, lubricants, and plastics. Secondly, oleochemicals are utilized in pharmaceuticals, particularly as drug delivery systems and intermediary manufacturing chemicals. The diversity and ecotoxic-free nature of oleochemicals are making them increasingly valuable in a world where it's shifting to more sustainable and renewable resources.
Driving Forces of the Oleochemicals Market
Increased demand for sustainable products
It's driven by conscious consumers and industries that demand eco-friendly alternatives, making oleochemicals preferred over petrochemicals due to their renewable origin and biodegradable nature. Oleochemicals come from natural oils and fats, thereby greatly reducing dependence on fossil fuel and the environmental burden that stems from the production of chemicals. This factor for sustainability appeals especially to industries like personal care, detergents, and lubricants, which are under pressure to be greener. As global environmental regulations continue to tighten, the call to rely on oleochemistry as a means to move forward will remain a great impetus for business growth in the markets.Personal Care and Cosmetics Industry Growth
Oleochemicals are strategically significant in personal care and cosmetic formulations with uses as emollients, stabilizers, and surfactants in skincare, haircare, and hygiene products. For this reason, the demand for oleochemicals has increased with growth in cosmetics formulations due to the rising spending by consumers on natural and organic products. Consumers prefer """"clean beauty"""" products, and manufacturers thus increasingly rely on oleochemical ingredients to meet these demands with the assurance that such products are safer, plant-based, and aligned with consumer expectations.Higher Demand in Food and Beverages Industry
Fatty acids and glycerin, the oleochemicals, are more highly applied as emulsifiers, stabilizers, and preservatives in the food and beverages industry. Higher demand for cleaner labels along with fewer synthetic additives has meant that food manufacturers choose more ingredients derived from natural sources, which are oleochemical-based. Increased consumption of processed and convenience foods around the globe has also led to higher demand for the said compounds. With stringent safety and health standards, oleochemicals are also complying with these factors, and hence their applications in food processing are growing, which creates an influence on the growth of this market in different regions as well.USA Oleochemicals Market
The U.S. oleochemicals market is growing steadily with rising demand for eco-friendly alternatives in personal care, food, and pharmaceuticals. Oleochemicals are renewable, from soybean and palm oils, and offer an alternative course to this pursuit of a greener product in the nation. Oleochemicals have found large-scale applications in skincare and hygiene by personal care and cosmetics industries due to their bio-degradable and skin-friendly properties. Whereas, the developing application fields in the food processing and bioplastics, lubricants, and other greener application fields increase the market growth continuously, which is further supported by regulations as well across the industrial and consumer application sectors in that country.Germany Oleochemical Market
Basis the high impact on sustainability and green technology, oleochemicals, which are also derived from natural oils and fats, play an important role in Germany. Oleochemicals are used significantly in the country across various sectors such as personal care, detergents, drugs, and bioplastics. Strict environmental policies in Germany force industries to go for non-toxic, biodegradable materials; thus, oleochemicals have gained higher appeal instead of petrochemical-based products. German chemicals industry is sound along with its research and development activities, which encourages the development of oleochemicals. High-quality niche products are offered due to this reason. Developing demand for sustainability, natural, plant-originated ingredients in personal care and home care products fuels the market growth.Saudi Arabia Oleochemicals Industry
Ongoing efforts in the Vision 2030 diversification strategy of the country aim to reduce its dependence on oil as a source for funding and, as such, are well supported by the large market present in the Middle East. Saudi Arabia, through oleochemicals derived from natural fats and oils, participates in bio-based industries that can replace petrochemicals in an environment friendly manner. Demand from oleochemicals for Saudi Arabia is mainly found in products like personal care, household detergents, and food additives. The strong groundwork of petrochemicals in the country provides a great base for oleochemical production and technology advancement.Global Oleochemicals Company Analysis
The key players operating in the oleochemical business are Cargill Inc., Kuala Lumpur Kepong Berhad, BASF SE, Wilmar International Limited, Kao Corporation Plc, Evonik Industries AG, Procter & Gamble Company, and Corbion N.V.Global Oleochemicals Company News
May 2024- Corbion and IMCD, a leading distributor and ingredient formulation company for specialty chemicals, entered an agreement that encompasses Corbion's portfolio for the Thai food and beverage market.April 2024-Vantage Specialty Chemicals increases capacity at its Leuna site for METAUPON* NMT (N-Methyl Taurine). It does that in response to demand from the household, industrial, and personal care markets.
January 2024: Godrej Industries and the government of Gujarat have agreed to invest USD 71.8 million over the next four years for increased production of oleochemicals as the resultant expansion aims at feeding growing demand for food, pharmaceuticals, and personal care products.
Product- Market breakup in 5 viewpoints:
1. Specialty Esters2. Fatty Acid Methyl Ester
3. Glycerol Esters
4. Fatty Amines
5. Others
Application- Market breakup in 9 viewpoints:
1. Personal Care & Cosmetics2. Consumer Goods
3. Food Processing
4. Textiles
5. Paints & Inks
6. Industrial
7. Healthcare & Pharmaceuticals
8. Polymer & Plastic Additives
9. Others
Countries- Market breakup in 25 viewpoints:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 Australia
3.5 South Korea
3.6 Thailand
3.7 Malaysia
3.8 Indonesia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 South Africa
5.2 Saudi Arabia
5.3 UAE
All the key players have been covered from 4 Viewpoints:
- Business Overview
- Key Persons
- Recent Development & Strategies
- Financial Insights
Key Players Analysis:
1. Cargill Inc.2. Kuala Lumpur Kepong Berhad
3. BASF SE
4. Wilmar International Limited
5. Kao Corporation Plc
6. Evonik Industries AG
7. Procter & Gamble Company
8. Corbion N.V.
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary5. Global Oleochemicals Market
4. Market Dynamics
6. Market Share Analysis
7. Product
8. Application
9. Countries
10. Porter’s Five Forces Analysis
11. SWOT Analysis
12. Key Players Analysis
Companies Mentioned
- Cargill Inc.
- Kuala Lumpur Kepong Berhad
- BASF SE
- Wilmar International Limited
- Kao Corporation Plc
- Evonik Industries AG
- Procter & Gamble Company
- Corbion N.V.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 110 |
| Published | November 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 26.87 Billion |
| Forecasted Market Value ( USD | $ 48.13 Billion |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
